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OakNorth deepens support for SMEs with its first acquisition – and says there will be more
OakNorth has agreed to purchase 100% of Fluidly, subject to regulatory approval; Founded in 2016, Fluidly’s mission is to help small businesses sleep better at night via its cashflow forecasting tool – a product which c.1,300 UK accounting firms subscribe to; This mission is highly synergistic with OakNorth’s mission to empower the ‘Missing Middle’ – […]
OakNorth Bank completes £34.3m loan to restore London’s historic 15 Old Bailey
The loan is to a joint venture formed by entrepreneur Alex Shamash and Boscalt Hospitality (a member of Edmond de Rothschild Private Equity partnerships); The finance will support the conversion of 15 Old Bailey from an office building into a new luxury hotel, along with two restaurants and a bar; The Victorian property was built […]
OakNorth Bank completes £531K loan to Sincere Homes for new supported living development in the West Midlands
The capital will fund the development of a four-bedroomed supported living home in Willenhall, part of the Metropolitan Borough of Walsall; Sincere Homes is a partner with the Midway Care Group, which was founded in 2006 by Matthew Harrison and provides services for people with learning disabilities; Having now developed 15 schemes for Midway Care […]
OakNorth Bank completes £7.4M loan to family-run Burney Group for new 100 bed Travelodge hotel next to Ipswich Town Football Club
Founded in 1997 by industry stalwart Daren Burney, Burney Group specialises in the development of commercial and mixed-use schemes across the UK; The finance from OakNorth Bank will be used to acquire a site by Portman Road Stadium in Ipswich and develop it into a new Travelodge hotel, as well as refurbish retail warehouse […]
4C Hotel Group brings The Westin London City & Residences to the Square Mile following £52M investment facility from OakNorth Bank
Founded in 2010, the 4C Hotel Group is a privately-owned hotel company with a portfolio of properties in key business centres and leisure hotspots across the UK, Canada, East Africa and the Middle East; 4C Hotel Group secured a £52M investment facility from OakNorth Bank for its latest development in London. The Westin London City […]
OakNorth Bank completes £20.2M loan to Park Lane Healthcare for new luxurious sustainable care village near Pocklington, East Yorkshire
Founded in 2005, the award-winning Park Lane Healthcare is a family-owned care business providing exceptional care for the elderly across North and East Yorkshire; The new site, named Lavender Fields Care Village, is situated three miles from the popular market town of Pocklington and will compromise of a 72 bed care home and 24 close-care […]
